6) The profit function for sales of two models of trucks at a car dealership is given by (a, b) = 1240a + 800b – 5a² + 2ab – 6b² – 250 where a is the number of sales per week of model A, and b is the number of sales per week of model B. What's the marginal profit if model A sales increase by 1 unit from a base of II(15,10)? You must use calculus to solve. Interpret the result.

6) The profit function for sales of two models of trucks at a car dealership is given by (a, b) = 1240a + 800b – 5a² + 2ab – 6b² – 250 where a is the number of sales per week of model A, and b is the number of sales per week of model B. What's the marginal profit if model A sales increase by 1 unit from a base of II(15,10)? You must use calculus to solve. Interpret the result.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter17: Long-term Investment Analysis

Section: Chapter Questions

Problem 3.4CE

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